WARNING: If the pagefile on volume 'C:' has an initial size of less than
2046 MB, then the system may not be able to create debugging
information file if a STOP error occurs.
Continue Anyway [y/n]?
ERROR: Page File for the specified volume cannot be created.

No probs, if doing that by pushing the button "test command"

I have similar probs while invoking the tool SetACL.exe from a post-processing command batch. The details regarding those probs I will report within next days. Here details regarding issue with SetACL tool:
Post-processing command invokes a batch, the batch comprises following line
c:\windows\System32>SetACL.exe -on "\\KRZYDU-PC01\Z$" -ot file -actn list -lst "f:sddl;w:d,s,o,g;i:y;s:b" -bckp "zdrv_acplbckp.csv"

Following error is being produced
ERROR: Reading the SD from <\\?\UNC\KRZYDU-PC01\Z$> failed with: The data area passed to a system call is too small.

SetACL finished with error(s):
SetACL error message: A privilege could not be enabled

No probs if running this code by pushing "test command" button.

The tool author claims following regarding this situation:
"This happens if you instruct SetACL to read and/or write from/to the SACL and the privilege SE_SECURITY_NAME could not be enabled. This privilege is also called SeSecurityPrivilege and is required to access SACLs.